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SEMI.AX vs. VVLU.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEMI.AX vs. VVLU.AX

Last updated Jul 18, 2026
Documentation

SEMI.AX (Global X Semiconductor ETF) and VVLU.AX (Vanguard Global Value Equity Active ETF) are both Global Equities funds. SEMI.AX is passively managed, while VVLU.AX is actively managed. Over the past 3 years, SEMI.AX returned 51.37%/yr vs 18.19%/yr for VVLU.AX. At a 0.35 correlation, their price movements are largely independent.

Performance

SEMI.AX vs. VVLU.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X Semiconductor ETF (SEMI.AX) and Vanguard Global Value Equity Active ETF (VVLU.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SEMI.AX achieves a 59.90% return, which is significantly higher than VVLU.AX's 9.72% return.

SEMI.AX

1D
-7.68%
1M
-15.15%
6M
42.26%
YTD
59.90%
1Y
104.12%
3Y*
51.37%
5Y*
—
10Y*
—

VVLU.AX

1D
0.82%
1M
4.87%
6M
6.75%
YTD
9.72%
1Y
22.93%
3Y*
18.19%
5Y*
14.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEMI.AX vs. VVLU.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SEMI.AX
Global X Semiconductor ETF		59.90%43.80%35.17%69.12%-30.92%15.60%
VVLU.AX
Vanguard Global Value Equity Active ETF		9.72%18.04%15.87%18.15%0.35%4.02%

Correlation

The correlation between SEMI.AX and VVLU.AX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Aug 27, 2021

0.35

Over the past year, the correlation between SEMI.AX and VVLU.AX has dropped to 0.09 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Semiconductor ETF

Vanguard Global Value Equity Active ETF

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Often compared with VVLU.AX:
VVLU.AX vs. VAE.AXVVLU.AX vs. VDGR.AXVVLU.AX vs. HGEN.AXVVLU.AX vs. HJPN.AXVVLU.AX vs. IAA.AXVVLU.AX vs. IFRA.AXVVLU.AX vs. IKO.AX

Return for Risk

SEMI.AX vs. VVLU.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SEMI.AX
SEMI.AX Risk / Return Rank: 9292
Overall Rank
SEMI.AX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SEMI.AX Sortino Ratio Rank: 8989
Sortino Ratio Rank
SEMI.AX Omega Ratio Rank: 9090
Omega Ratio Rank
SEMI.AX Calmar Ratio Rank: 9393
Calmar Ratio Rank
SEMI.AX Martin Ratio Rank: 9595
Martin Ratio Rank
VVLU.AX
VVLU.AX Risk / Return Rank: 6666
Overall Rank
VVLU.AX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VVLU.AX Sortino Ratio Rank: 6969
Sortino Ratio Rank
VVLU.AX Omega Ratio Rank: 6666
Omega Ratio Rank
VVLU.AX Calmar Ratio Rank: 6565
Calmar Ratio Rank
VVLU.AX Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEMI.AX vs. VVLU.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.AX) and Vanguard Global Value Equity Active ETF (VVLU.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SEMI.AXVVLU.AXDifference
Sharpe ratioReturn per unit of total volatility
2.81
1.64

+1.18

Sortino ratioReturn per unit of downside risk
3.22
2.37

+0.85

Omega ratioGain probability vs. loss probability

1.44

1.29

+0.15

Calmar ratioReturn relative to maximum drawdown

4.80

2.39

+2.40

Martin ratioReturn relative to average drawdown

21.73

8.07

+13.66

SEMI.AX vs. VVLU.AX - Sharpe Ratio Comparison

The current SEMI.AX Sharpe Ratio is 2.81, which is higher than the VVLU.AX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of SEMI.AX and VVLU.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SEMI.AX vs. VVLU.AX - Drawdown Comparison

The maximum SEMI.AX drawdown since its inception was -38.85%, which is greater than VVLU.AX's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for SEMI.AX and VVLU.AX.

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Drawdown Indicators

SEMI.AXVVLU.AXDifference

Max Drawdown

Largest peak-to-trough decline

-38.85%

-36.95%

-1.90%

Max Drawdown (1Y)

Largest decline over 1 year

-20.90%

-9.30%

-11.60%

Max Drawdown (3Y)

Largest decline over 3 years

-32.53%

-14.80%

-17.73%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.80%

—

Current Drawdown

Current decline from peak

-20.90%

0.00%

-20.90%

Average Drawdown

Average peak-to-trough decline

-10.86%

-6.22%

-4.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.67%

2.78%

+1.89%

Volatility

SEMI.AX vs. VVLU.AX - Volatility Comparison

Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 16.59% compared to Vanguard Global Value Equity Active ETF (VVLU.AX) at 3.43%. This indicates that SEMI.AX's price experiences larger fluctuations and is considered to be riskier than VVLU.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SEMI.AXVVLU.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.59%

3.43%

+13.16%

Volatility (6M)

Calculated over the trailing 6-month period

30.75%

10.98%

+19.77%

Volatility (1Y)

Calculated over the trailing 1-year period

35.63%

13.62%

+22.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.80%

14.94%

+16.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.80%

17.96%

+13.84%

Dividends

SEMI.AX vs. VVLU.AX - Dividend Comparison

SEMI.AX's dividend yield for the trailing twelve months is around 8.25%, less than VVLU.AX's 10.90% yield.

PositionTTM20252024202320222021202020192018
SEMI.AX
Global X Semiconductor ETF		8.25%5.60%3.44%0.54%0.96%0.00%0.00%0.00%0.00%
VVLU.AX
Vanguard Global Value Equity Active ETF		10.90%7.07%3.21%5.22%2.63%1.36%2.21%2.31%0.46%

Frequently Asked Questions

SEMI.AX and VVLU.AX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Global X and Vanguard.

Portfolio Optimizer

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